According to the United Nations, 54.6 percent of the world’s population live in urban areas, and the proportion is expected to increase to over 70 percent by 2050. Rapid urbanization has left cities around the world in a critical socio-economic and environmental situation. Building smart cities is a perfect solution to deal with urbanization problems, and seen as a necessity for countries across the globe.

During the press conference

Currently, Vietnam has 833 urban areas. The Government, ministries, sectors and localities are forming national data infrastructure, a fundamental basis to build smart cities.

Addressing the event, VINASA Chairman Truong Gia Binh highlighted the significance of smart city development, considering it one of the best tools to serve both people and businesses. The award aims to create motivation for technology and policy initiatives, help cities become valuable urban areas with a sharp competitive edge. Furthermore, smart cities are an important launching pad for the nation’s socio-economic development.

Joining the award, all entries should be sent to the organizing board before October 10, in four categories, namely Vietnamese urban areas; smart realty projects and buildings; industrial real estate projects; and technology solutions to smart city, property projects and industrial parks.

The final results will be announced on November 17 when the Vietnam Smart City Summit 2020 is held.

Translated by Chung Anh